Strong profit booking, especially in the banking counter, on Tuesday dragged the Qatar Stock Exchange below 10,400 levels.
The Qatar Stock Exchange was back in the negative trajectory to retreat below 9,000 points mainly on increased profit booking by foreign institutions.
The Qatar Stock Exchange on Sunday snapped four consecutive days of bullish run to witness its key index settle at sub-9,000 levels and capitalisation retreat below QR500bn.
Rising geopolitical tensions and the US pullout from Iran nuclear deal had their reflections in the Qatar Stock Exchange, which saw more than QR6bn loss in capitalisation this week.
Snapping two days of bullish run, the Qatar Stock Exchange on Wednesday witnessed profit booking pressures that dragged its key index below 8,900 levels.
The Qatar Stock Exchange lost a sizeable 366 points in its key barometer and QR20bn in capitalisation as dividend woes had cast its spell this week.
Foreign institutions’ strong profit booking pressure on Wednesday dragged Qatar Stock Exchange for the fifth straight session by a huge 277 points to settle below 8,700 levels.
The Qatar Stock Exchange on Thursday witnessed profit-booking pressure, particularly from non-Qatari individuals and foreign funds, and settled lower but continued to remain above 9,000 levels.
Robust buying interests of local retail investors notwithstanding, the Qatar Stock Exchange on Wednesday saw further profit booking to drag its index, which stood above 9,200 points.
Defying institutional buying support, the Qatar Stock Exchange on Thursday closed in the negative for the third straight session.